Jefferies Financial Group Inc. Takes $1.21 Million Position in Sysco Corporation $SYY

Jefferies Financial Group Inc. bought a new position in Sysco Corporation (NYSE:SYYFree Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 14,457 shares of the company’s stock, valued at approximately $1,208,000.

Several other large investors have also recently modified their holdings of SYY. Lloyd Advisory Services LLC. bought a new position in Sysco during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in Sysco in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted its stake in shares of Sysco by 87.6% during the first quarter. Sunbelt Securities Inc. now owns 364 shares of the company’s stock valued at $26,000 after purchasing an additional 170 shares during the period. Bard Associates Inc. purchased a new stake in shares of Sysco during the fourth quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC bought a new position in shares of Sysco in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Insider Activity

In other news, EVP Ronald L. Phillips sold 7,350 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $83.61, for a total value of $614,533.50. Following the completion of the transaction, the executive vice president owned 38,650 shares in the company, valued at $3,231,526.50. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 14,508 shares of company stock valued at $1,215,250. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Citigroup raised their price target on shares of Sysco from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Wall Street Zen raised Sysco from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group boosted their price target on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sysco presently has a consensus rating of “Moderate Buy” and an average target price of $89.50.

Get Our Latest Stock Report on Sysco

Sysco Stock Up 0.0%

Shares of NYSE SYY opened at $81.95 on Monday. The firm has a fifty day simple moving average of $83.05 and a two-hundred day simple moving average of $80.54. Sysco Corporation has a 12 month low of $68.19 and a 12 month high of $91.85. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 4.62. The firm has a market capitalization of $39.26 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Sysco (NYSE:SYYGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The firm had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Equities analysts expect that Sysco Corporation will post 5.12 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.20 annualized dividend and a dividend yield of 2.7%. Sysco’s dividend payout ratio is currently 60.11%.

Sysco Company Profile

(Free Report)

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.

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Institutional Ownership by Quarter for Sysco (NYSE:SYY)

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